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francesgurton

EUR/AUD buy oppotunity

Long
Euro / Australian Dollar (FX:EURAUD)  
francesgurton  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Technical Indicators Support and Resistance EURAUD EUR aud support LONG Forex Bullish Patterns Bearish Patterns
3
0
trendanalysis indicator supportandresistance euraud eur aud support long forex bullish bearish
EUR/AUD has returned back to an area of support around the 1.6355 level.

Previously we have seen price hit this level of support and then retrace upward towards resistance.

We could see bulls come back into play at this level to drive the price back up to the area of resistance.

I will look to enter a long trend following confirmation of bullish candlesticks as well as crossovers of the MACD and RVI.
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